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sterlingice · 05-08-2020, 09:35 AM

Yesterday, I read wording to the effect of "the economy is already dead but we just don't know it yet".

There's this idea that when we open things back up, the economy will roar back to life. But so many people are not going to be comfortable doing things until there is a vaccine. And few businesses can survive scant business for 2+ years. Similarly, many customers and businesses have already changed their habits permanently. And many jobs lost are not coming back with another jobless recovery - probably not all 30m or whatever - but a large enough chunk of those to matter.

I know I'm pretty worried that wording is accurate.

SI

05-08-2020, 09:35 AM	#113
sterlingice Hall Of Famer Join Date: Apr 2002 Location: Back in Houston!	Yesterday, I read wording to the effect of "the economy is already dead but we just don't know it yet". There's this idea that when we open things back up, the economy will roar back to life. But so many people are not going to be comfortable doing things until there is a vaccine. And few businesses can survive scant business for 2+ years. Similarly, many customers and businesses have already changed their habits permanently. And many jobs lost are not coming back with another jobless recovery - probably not all 30m or whatever - but a large enough chunk of those to matter. I know I'm pretty worried that wording is accurate. SI __________________ Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!" Last edited by sterlingice : 05-08-2020 at 09:37 AM.